Brazil

Statkraft views Brazil as one of the key markets for growth in the coming years, based on renewable energy generation and market operations. Statkraft's presence in Brazil goes back to 2008, when our subsidiary SN Power established an office. Since 2014 we have been present as Statkraft.

In 2012, SN Power acquired a minority stake in the renewable energy company Statkraft Energias Renováveis S.A (former Desenvix). In 2015, Statkraft increased it's shareholding to 81.3% and integrated the company into Statkraft.

About Statkraft Energias Renováveis

The company has ownership interests in 12 operational power plants, representing an installed capacity of 316 MW. The portfolio consists of 10 hydropower plants (188 MW) and two onshore wind farms (128 MW).

A pipeline of smaller hydropower projects are also part of the comapny's portfolio.

The company also owns a 100% shareholding in Enex, a company specializing in Operations & Maintenance of small and medium sized power plants.

Statkraft's head office in Brazil is located in Florianopolis.

About Market Operations

With the acquisition of Enerpar in 2011, Statkraft owns energy contracts up to 2025 with an annual volume of 1.2 TWh. Statkraft is also active in proprietary energy commercialization in Brazil. Through innovative solutions based on insight in the Brazilian energy market and experience from the European power markets, Statkraft optimizes their counter parties’ energy portfolios and help manage their energy related risks.